CAD/NOK

- NOK (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	CADNOK
ISIN:

CAD/NOK - 1H - Technical analysis published on 03/14/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

44%

11%

44%

My opinion

Bearish under 7.4494 NOK

My targets

7.3924 NOK (-0.0104)

7.3234 NOK (-0.0794)

My analysis

There is a bearish trend on CAD/NOK both at the basic level and in the short term. A sale could be considered, so long as the price remains below 7.4494 NOK. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 7.3924 NOK. Then the price could move towards 7.3234 NOK. Then 7.1681 NOK by extension. Be careful, a return to above the resistance 7.4494 NOK would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CAD/NOK rating 7.4028 NOK. The price registered a decrease of -0.04% on the session and was traded between 7.3879 NOK and 7.4216 NOK over the period. The price is currently at +0.20% from its lowest and -0.25% from its highest.

7.3879

7.4216

7.4028

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAD/NOK indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1 (Daily)

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point (Daily)

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Pivot points : price is under support 1 (Weekly)

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1 (Monthly)

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.1681	7.3234	7.3924	7.4028	7.4494	7.5383	7.6227
Change (%)	-3.17%	-1.07%	-0.14%	-	+0.63%	+1.83%	+2.97%
Change	-0.2347	-0.0794	-0.0104	-	+0.0466	+0.1355	+0.2199
Level	Intermediate	Minor	Intermediate	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.3144	7.3488	7.3773	7.4117	7.4402	7.4746	7.5031
Camarilla	7.3886	7.3944	7.4001	7.4059	7.4117	7.4174	7.4232
Woodie	7.3116	7.3473	7.3745	7.4102	7.4374	7.4731	7.5003
Fibonacci	7.3488	7.3728	7.3876	7.4117	7.4357	7.4505	7.4746

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.1657	7.3382	7.4503	7.6228	7.7349	7.9074	8.0195
Camarilla	7.4842	7.5103	7.5364	7.5625	7.5886	7.6147	7.6408
Woodie	7.1356	7.3231	7.4202	7.6077	7.7048	7.8923	7.9894
Fibonacci	7.3382	7.4469	7.5141	7.6228	7.7315	7.7987	7.9074

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.5747	7.6633	7.7259	7.8145	7.8771	7.9657	8.0283
Camarilla	7.7469	7.7608	7.7746	7.7885	7.8024	7.8162	7.8301
Woodie	7.5617	7.6568	7.7129	7.8080	7.8641	7.9592	8.0153
Fibonacci	7.6633	7.7211	7.7567	7.8145	7.8723	7.9079	7.9657

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.64
MACD (12,26,9):	0.0003
Directional Movement:	-3.7655
AROON (14):	-21.4286
DEMA (21):	7.4105
Parabolic SAR (0,02-0,02-0,2):	7.4270
Elder Ray (13):	0.0005
Super Trend (3,10):	7.3852
Zig ZAG (10):	7.4123
VORTEX (21):	0.9937
Stochastique (14,3,5):	62.31
TEMA (21):	7.4096
Williams %R (14):	-18.40
Chande Momentum Oscillator (20):	0.0053
Repulse (5,40,3):	0.1921
ROCnROLL:	1
TRIX (15,9):	0.0023
Courbe Coppock:	0.11

MA7:	7.4654
MA20:	7.6695
MA50:	7.7893
MA100:	7.8400
MAexp7:	7.4110
MAexp20:	7.4082
MAexp50:	7.4095
MAexp100:	7.4357
Price / MA7:	-0.84%
Price / MA20:	-3.48%
Price / MA50:	-4.96%
Price / MA100:	-5.58%
Price / MAexp7:	-0.11%
Price / MAexp20:	-0.07%
Price / MAexp50:	-0.09%
Price / MAexp100:	-0.44%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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